This from Ed Steer's daily message......he tracks this type of information. Assuming its true, could bode well for PM as the big manipulators maybe getting nervous.
"I was delighted at the short covering that occurred in Monday's rally. I've been looking for that sort of move for a quite a while... and its been a long time coming. As I mentioned yesterday, it certainly wasn't the technical funds buying on Monday, as they won't show up as buyers until the price breaks above the 50-day moving average... so it must have been the bullion banks themselves. In our usual daily telephone conversation, Ted Butler heartily agreed. We're both hoping for more of the same as the days and weeks pass. But all bets will be off on Friday morning, as that's when the jobs numbers are reported... and the U.S. bullion banks are always ready to hammer the price when these numbers are released."